Plan Snapshot
- Plan Sponsor: Edovate Learning Corporation
- Sponsor EIN: 510337148
- Sponsor Address: 334 2ND STREET, CATASAUQUA, PA, 18032
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 36
- Total Assets: $3,005
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 36 | $3,005 | $187,738 | $153,568 |
| 2023 | 40 | $10,542 | $150,841 | $163,216 |
| 2022 | 41 | $11,406 | $145,165 | $133,849 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| E.K. MCCONKEY & CO., INC. | Investment Advisor | $13,050 | — | $13,050 |
| THE BENECON GROUP, LLC | Investment Advisor | $11,545 | — | $11,545 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,595
- Estimated Expense Ratio: 818.469% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $291,108 | — | — | — | — |
| 2023 | $374,975 | — | — | — | — |
| 2022 | $332,054 | — | — | — | — |